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The Best Alaska Mortgage Rates, Resources & Information
To many people, Alaska is a place far, far away that would be fun to visit someday--and hopefully they'd see a polar bear. But to almost 687,000 people, Alaska is home. When buying or refinancing a home located in Alaska, it helps to be aware not only of general home loan principles, but also of mortgage details particular to the state.
Are you considering buying or refinancing a home in Alaska? Or maybe tapping into your home equity to consolidate high interest debt? If so you've found the right place.
Our information will help you learn about all types of Alaska home loans and our helpful list of specific AK Mortgage Resources & services is specifically tailored for our state.
Having a good working knowledge of how mortgage loans work wherever you live in Alaska can help you select a home and keep it for years to come. Whether you're looking for a Anchorage new home loan or a Juneau mortgage refinance, it pays to do your homework.
Getting the Best Alaska Mortgage Rates
Also compare competing quotes from our lender database of reputable Alaska mortgage lenders by filling the form above.
Alaska Mortgage CalculatorsFor most of us, buying a home is the largest investment we'll make in our lives, so take the time to speak to different lenders and see what offers are available to you.
Getting several competing quotes and getting the best offer can save you thousands over the course of your loan.
Alaska: Massive State, Concentrated Population
Most of Alaska's population is concentrated in South Central Alaska, in the area surrounding Anchorage. Many home buyer and refinance resources are also located in this area. Community organizations like Anchorage Neighborhood Housing Services support Anchorage home loan programs with as low as two percent down payments.
Fairbanks, located in the center of Alaska, enjoys a housing advocate in the form of Fairbanks Neighborhood Housing Services, a non-profit group that partners with local lenders.
Alaska Mortgages Influenced by Government Action
In Alaska, an FHA mortgage sponsored by the Federal Housing Administration is the norm. Alaska FHA mortgages provide residents with low down payments and low interest rates.
Alaska politicians are famous for reminding the powers-that-be in Washington, D.C. not to forget about Alaska. The Recovery Act of 2009, for instance, resulted in $54.2 million in stimulus funds going to Alaska and a raise in the Alaska FHA home loan limits.
If you own or are thinking about owning a home in Alaska, stay informed on political changes that may directly impact your ability to obtain an Alaska home loan.
Use our pre-qualification calculator to get ahead of the game, our affordability calculator to know what you can afford, and our closing fees calculator to figure your true home buying or refinance cost.
Don't forget about the interest only calculator, which can help you plan out potential mortgage payments.
Alaska Home Buyer & Homeowner Mortgage Guide
- U.S. Department of Housing and Urban Development (HUD): A service to all homeowners.
- Alaska HUD: HUD is active in Alaska.
- Consumer Credit Counseling Service of Alaska: Learn about money management techniques and housing finance.
- IRS First Time Homebuyer Credit: First time homebuyers may qualify for up to $8,000 as a refundable federal income tax credit.
- Making Home Affordable: The Obama Administration's plan to help homeowners refinance.
- Anchorage Neighborhood Housing Services: Information on grants to homeowners and matters of affordable housing.
- Fairbanks Neighborhood Housing Services: Learn about the homebuying process.
- Alaska Community Development Corporation: A major force in shaping Alaska home finance trends.
- Federal Housing Administration: Read up on Alaska FHA home loan guidelines.
- Alaska Prepared: Owning an Alaska home means being prepared to deal with inclement weather and possible emergency situations.